Run an Online Gambling Website with an Anjouan License
This license allows you to legally offer eGame on your website
Anjouan offers online gambling operators a simple and fast licensing process, with low application fees and ongoing expenses.
If you wish to build an online casino, or other type of online gaming website, Anjouan has a very attractive offer for you!
Advantages Of The Anjouan Online Gambling License:
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Very little taxes. Thanks to a special structure explained below.
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Save money. Anjouan is considered a more affordable option compared to other prominent licensing jurisdictions.
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Save time. Fast and straightforward licensing process that ensures minimal delays in getting your business up and running.
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Low annual fees and minimal administrative burdens.
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Conduct your business in English under modern, well-written, and fair regulations, based on international standards.
What Is The Anjouan Online Gambling License?
Anjouan's online gaming license has gained a reputation for being a reliable option for operators in the industry. The jurisdiction offers all the regulatory benefits like those found in other jurisdictions, while at the same time providing the added benefits of low licensing fees.
With the regulatory changes going on in Curacao, online gambling operators risk facing unforeseen challenges which could result in a disruption of their services.
The Anjouan gaming license presents an enticing alternative by being an economically viable option that can be attained with relative efficiency and speed.
Types of Products You Can Offer Under This License:
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Casino
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Betting
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Poker
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Lottery
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Provision of software and White-Labelling services
What do you need to do to start an online casino or online gambling site
If you want to start an online casino, a number of things need to happen.
First of all, you need a license. This license ensures that you can offer your services legally. At the same time, it mandates that your website and organization safety standards. This signals to your customers that it is safe to gamble on your site!
In order to apply for a license, you need to setup a company. This company will need to comply with a number of rules. If you use an offshore company, this will lower the overall tax burden.
Next, you will have to buy and install casino software. If you do not know exactly how, we have contacts with the best builders in the industry.
Processing Payment Agent
It is crucial for online casinos to be able to accept payments. However, due to ongoing regulatory scrutiny, it is now next to impossible for offshore companies in jurisdictions such as Anjouan to accept online payments.
What you need is a payment processing agent, also known as a Payment Agent Company.
A Payment Agent Company is a client facing company in a reputable jurisdiction. It processes payments for your website. For this, it receives a small fee (to satisfy local tax rules). All the profits are then forwarded to your main offshore company.
For this to work, you need to use a jurisdiction with a low tax rate, where you can get an account with an Electronic Money Institutions “EMIs” or Bank, access credit-card payment providers.
Why Use Cyprus as Payment Agent?
Cyprus is a EU country and it has one of the lowest corporate tax rates of the developed world. It allows access to payment systems and its regulatory body accepts these set-ups. Like other jurisdictions, in order to start a business here you do need local substance, such as a director, a company secretary, and an accountant.
You might also consider using an experienced company to handle the day-to-day administration and management of the corporate structure.
This way you can focus on the important matters: promoting the platform and driving up revenues!
Summarizing the Structure
Cyprus is a EU country and it has one of the lowest corporate tax rates of the developed world. It allows access to payment systems and its regulatory body accepts these set-ups.
In order to start a business here you do need local substance, such as a director, a company secretary, and an accountant.
You might also consider using an experienced company to handle the day-to-day administration and management of the corporate structure; this way you can focus on the important matters promoting the platform and driving up revenues!
The Recommended Structure:
We recommend either a BVI, Belize or Curacao IBC holding company holding the license along with a Cyprus (EU) company acting as a Payments agent. The holding Company will be 100% shareholder of the Cyprus (EU) company.
An agency agreement will engage both companies. This agreement will be used for recharge processing of fees, marketing expenses, web development, maintenance and operational fees carried by the Cyprus company on behalf of the holding company. Based on our experience we recommend 4% on the total Gross Gaming Revenue “GGR”. This is taxed at 12.5%, making it an effective tax rate on total income of 0.5%.
Profits in the offshore holding company are not taxed. From there, your profits can be freely distributed to you without withholding taxes on dividends.
The Anjouan Online Gambling License Process:
Step 1: Preliminary Review
A preliminary review of your activities is conducted, which includes providing information about your intended operations and target markets.
Step 2: Pre-Approval Application
Submit a pre-application with supporting documents and a non-refundable fee.
Step 3: Gaming License Approval
Upon approval, settle all necessary one-off fees and deposits.
Step 4: Application Evaluation
Work on incorporating the gaming license holding company and gather and prepare all required documents for the license application.
Step 5: Incorporation of Cyprus Payment Processing Company
Set up the Cyprus company and approach payment processing service providers for your target markets.
Once all requirements are met, the license is approved, and you can commence operations.
Requirements:
To operate under this regulated business, individuals involved need to provide:
For the License
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Brief business plan
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Proof of domain ownership
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Review and approval of website for compliance
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Compliant T&C
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Responsible gaming policy
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Anti Under-age gaming plans
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AML policies
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Copies of RNG Testing Certificates (If Applicable)
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Copies of Game/Content Provider
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Agreements for gaming systems and games used (If Applicable)
For all individual directors/shareholders/ultimate beneficial owners of the company:
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Certified true copy of passport
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Certified true copies of proof of residential address. i.e. utility bill
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Original bank reference letter (Relationship must be longer than 2 years)
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Professional letter of reference from a lawyer or accountant where the shareholder has been a client for at least 2 years
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CV
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Complete Remote ID Verification
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Clear criminal record certificate
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Completed Application Forms
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Completed and signed UBO declarations
For the companies:
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Certified true copy of certificate of registration
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Certified true copy of memorandum and articles of association
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Certified true copy of the register of shareholders and signed by the director of the company.
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Certified true copy of the register of directors signed by the director of the company.
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Certified true copy of company extract from the registry (if applicable)
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Certified true copy of Certificate of Good Standing
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Certified true copy of Certificate of Incumbency
Why choose an Anjouan e gaming License over a Curacao e gaming license:
Regulation and Compliance
The compliance and regulatory environment governing the Anjouan Gaming License is business friendly yet regulated effectively. The island has a clear and concise gaming law providing for protection and responsible gaming for the operators and the users.
The administrators of the Anjouan Gaming License are responsive and keen to help the License operators. The licensing process in Anjouan is fast and efficient, from setup to operation.
Costs and charges
Obtaining an Anjouan Gaming License is cost effective. Furthermore, the license can be held by a holding company of any jurisdiction worldwide, subject that the jurisdiction does not prohibit E-gaming activities.
Tax system
Anjouan does not tax online gross gaming revenue which helps foster an excellent effective tax rate when the structure above is applied.
Cryptocurrency friendly jurisdiction
Anjouan licensed online gaming operators are allowed cryptocurrencies as a method of payment by Law.
Frequently asked Questions:
What is the cost of a gambling license in Anjouan?
The initial cost of obtaining an Anjouan gaming license is approximately $25,000. Additionally, a similar amount must be paid to the regulator annually as a maintenance fee.
What is required to set up an E-Gaming Company in Comoros?
In order to establish an E gaming company in Anjouan it is necessary to first register a holding company, a payment processing company and then secure the Anjouan E gaming license.
What is the duration of the Anjouan gambling license?
The license is renewed annually and lasts for a year.
How challenging is it to secure a gambling license in Anjouan?
The level of difficulty depends on the applicant’s ability in fulfilling all administrative guidelines.
Can an Anjouan E gaming License have directors who are not local residents?
Yes, Anjouan gambling companies can have directors who are not local residents of Anjouan.
Can a license be obtained without a bank account?
No E gaming companies need to have a bank account as part of their business operations. That is where the Cyprus Company comes into place in order to be used as a Payment Processing company of the E Gaming Company.
Is getting a license a long process?
Although the process depends various factors, including the completeness of the application it usually takes several weeks to obtain a gambling license in Anjouan.
Why Choose Internet Incorporate For Your Anjouan Online Gaming License?
We’ve been setting up gaming licenses with this, and similar structure for a decade. We know what the requirements are, what procedures need to be followed, and what agreements need to be signed.
We assist you with bank and merchant account opening through our extensive network of banks and payment processors.
We can also assist you with setting up just the right corporate structure to suit your needs. We guarantee a hassle-free application. We work fast and at reasonable costs.
Are you interested in obtaining a license for your online gaming website and want an experienced agent to help you obtain it?
...Then contact us by filling in the form below.